U.S. DofE Likely to Grant More LNG Export Permits
The Department of Energy is likely to approve additional permits this year to companies looking to export liquefied natural gas more broadly, reports Market Watch, citing Morgan Stanley.
Freeport LNG has recently received DOE approval to export LNG to countries without a free trade agreement with the U.S.. Only one other project — Cheniere Energy Inc.’s Sabine Pass — has been granted that coveted permit, informs the Wall Street Journal Market Watch report.
Several facilities can export LNG to countries with a FTA, but that doesn’t include major LNG importers in Asia and Europe.
The Lake Charles, La., project, owned by subsidiaries of Southern Union Co., and Dominion’s Cove Point, Md., LNG terminal are next in line to be reviewed by the government for exports to non-FTA countries.
Source: Market Watch, WSJ